About Bristow's Braemar

Another two months of home sales in Braemar is giving us the opportunity to once again reflect on property values in the neighborhood. This particular post will focus on the Carriage Series homes. That includes the following models: Maplewood, Norwood, Oakdale & Parkdale. They are the detached garage homes built by Brookfield in Braemar.

As the market has declined, the Carriage Series homes have been in consistent demand by buyers. These smaller single family homes are a great alternative for first time home buyers that may otherwise buy a townhouse. The average sale price this report, after three resales in the past two months, is now $274,483. That's a slight decrease from $282,967 last report (November-December 2008).

The average closing cost contribution was $8,581 this report, up from $3,333 last report. And the number of days it takes to sell a Carriage Series home is about the same. This report homes are selling in an average of 58 days, when last report it was 52 days.

When looking back to average sale price one year ago, it is too easy to be discouraged. We've gone from $353,962 to $274,483. That's a 22% drop in value. Meanwhile, our county has seen an overall decrease in average sales price, in the last twelve months, of 31%!!! So maybe that 22% twelve month price drop doesn't sound so bad to you now.

You can see historical average sale prices in the Carraige Series homes by logging on to my website: www.nvarealestate.net. Simply click the link to the left for Braemar Property Value Report Online. Scroll down to the Carriage Series. You'll find average sale prices dating back to May and June 2005. It will look like this:

I prepare the Braemar Property Value Report in a hard copy format every other month. If you'd like to receive it in the mail, please contact me. In the meantime, if you need to sell your Braemar home, or know someone that is looking to buy in our community, please don't hesitate to call. No one knows Braemar better!

Chris Ann Cleland, Long & Foster, Realtor (licensed in VA), GRI, Short Sale Specialist

703-402-0037, chrisann@longandfoster.com

Another two months of home sales in Braemar is giving us the opportunity to reflect once more on property values in the neighborhood. This particular post will focus on the Heritage Series homes. This particular series includes the following models: Yardley, Waverly, Zachary & Exeter. They are what I like to call the "Mama Bear" homes built by Brookfield in Braemar.

There were two resales, both Yardleys, during the last two months. These sales brings us to our average sales price of $294,000. That's a huge change from last report's $357,450 (November-December 2008).

The average seller subsidy (closing cost assistance from seller to buyer) was about the same this report, $5,435 from the average $5,475 last report. As for the days that it takes to sell a Heritage Series home, the number has gone up. It is currently 76 days, up from 55 days last report.

We can not look to average sales prices one year ago, as there were no resales in January & February 2008.

You can see historical average sale prices in the Heritage Series homes by logging on to my website: www.nvarealestate.net. Simply click the link to the left for Braemar Property Value Report Online. Scroll down to the Heritage Series. You'll find average sale prices dating back to May and June 2005. The page you will find looks like this:

I prepare the Braemar Property Value Report in a hard copy format every other month. If you'd like to receive it in the mail, please contact me. In the meantime, if you need to sell your Braemar home, or know someone that is looking to buy in our community, please don't hesitate to call. No one knows Braemar better!

Chris Ann Cleland, Long & Foster, Realtor (licensed in VA), GRI, Short Sale Specialist

703-402-0037, chrisann@longandfoster.com

It's time for another Braemar Property Value Report for the Courtyard Series homes built by Brookfield. These courtyard homes are near zero lot line homes...five to a single pipe stem or driveway. They include the Clarendon, Ballston & Arlington models.

The averages for this report are based on one resale in January and February 2009; a Ballston model.

The average sale price went down significantly to $235,000. That's down from $290,000 last report (November-December 2008.) There was no seller subsidy(closing cost assistance from seller to buyer) this sale, which is a night and day difference to the reported $8,400 seller subsidy last report. The good news is that the average number of days it is taking to sell these homes decreased to 44 days, down from 211 days last report. We'll have to keep on eye on sales prices and seller subsidy as the Spring market develops.

You can find historical, average sale prices for Braemar's Courtyard Homes on my website: www.nvarealestate.net. Simply click the link on the left titled Braemar Property Value Report Online and scroll down to the Courtyard Series. There you will find average sale values dating back to May and June 2005. The page will look like this:

I prepare the Braemar Property Value Report in a hard copy format every other month. If you, or a neighbor, would like to receive it in the mail, please contact me. In the meantime, if you need to sell your Braemar home, or know someone that is looking to buy in our community, please don't hesitate to call. No one knows Braemar better!

Chris Ann Cleland, Long & Foster, Realtor (licensed in VA), GRI, Short Sale Specialist

703-402-0037, chrisann@longandfoster.com

Another two months of home sales in Braemar is giving us the opportunity to once again reflect on property values in the neighborhood. This particular post will focus on the Arista Series homes built by Brookfield. That includes the following models: Canterbury, Allister and Buckingham. These are the largest single family homes built by Brookfield in Braemar.

This Braemar Property Value Report gives us an average of three Canterbury resales, all with some degree of finished basements. The average sale price is now $404,967. That's down from $435,250 last report (November-December 2008). That's an average market value reduction of 7% in two months.

The average seller subsidy(closing cost assistance from seller to buyer) was $10,584 this report. Considering the average seller subsidy was $6,473 last report, that is a substantial change. Unfortunately, the days it takes to sell an Arista Series home is up significantly this report. It went from 25 days last report, to 136 days this report.

When looking back to average sale price one year ago, it is too easy to be discouraged. We've gone from $549,900 average sales price to $404,967. That's a 26% drop in value. Bad news, right?...Not if you put it in perspective with the surrounding Prince William County market. Our county has seen an overall decrease in average sales price, in the last twelve months, of 31%!!! So maybe that 26% price drop doesn't sound so bad to you now.

You can see historical average sale prices in the Arista Series homes by logging on to my website: www.nvarealestate.net. Simply click the link to the left for Braemar Property Value Report Online. The Arista Series will be the first figures you see. You'll find average sale prices dating back to May & June 2005. It will look like this:

I prepare the Braemar Property Value Report in a hard copy format every other month. If you'd like to receive it in the mail, please contact me. In the meantime, if you need to sell your Braemar home, or know someone that is looking to buy in our community, please don't hesitate to call. No one knows Braemar better!

Chris Ann Cleland, Long & Foster, Realtor (licensed in VA), GRI, Short Sale Specialist

703-402-0037, chrisann@longandfoster.com

BRAEMAR

TOWNHOMES

There are 9 "ACTIVE" Single Family Townhomes for sale in the Braemar community of Bristow. These townhomes are priced from $209,000 up to $255,000. The Average Days on Market for these properties is 113 days. Currently, there are 10 Single Family Townhomes in the Braemar community "UNDER CONTRACT". In addition, there are 4 Single Family Townhomes available for rent ranging in price from $1,300 up to $1,800 per month. For SOLD statistics please contact me directly.

SINGLE FAMILY HOMES

There are 16 "ACTIVE" Single Family Homes for sale in the Braemar community of Bristow. These homes are priced from $259,900 up to $544,900. The Average Days on Market for these properties is 94 days. Currently, there are 23 Single Family Homes in the Braemar community "UNDER CONTRACT". In addition, there are 7 Single Family Homes available for rent priced at $1,500 up to $2,200 per month. For SOLD statistics please contact me directly.

Are you interested in finding out how the real estate market has affected your area? Now you can get the latest market reports for your community just by clicking on the appropriate link. Bristow, Catharpin, Dumfries, Gainesville, Haymarket, Manassas, Nokesville, Occoquan, Triangle, Woodbridge, and neighboring Manassas Park.

If you are not sure why it is advantageous to have a knowledgeable REALTOR® represent you and your family's needs, here is a great article to read Why Hire a Professional? You've heard the name mentioned many times before, perhaps read our advertisements, watched our commercials, or even have seen our balloon in the skies...click here to learn more About RE/MAX.

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About me:

I am a full-time real estate agent and Realtor®. I am very aggressive and put my clients needs above that of even my own. I am not married or have any children so I am usually available if you have any questions or concerns. I do take my profession very seriously and know that when my clients entrust me with their real estate needs, I need to do the best job I can for them so that they can get what they want in the time they want.

I do work exclusively by appointment, so if you would like to schedule an appointment to meet with me to discuss your real estate needs please click Schedule Appointment or call me today at (540) 272-9012.

My company and I have two professional offices supporting all of Prince William County. One is in Manassas, and the other is in Haymarket. Since I have clients all over the county I work out of both offices.

I am a Candidate Member of the CCIM Institute, Member of the National Association of Realtors®, Virginia Association of Realtors®, and the Greater Piedmont Area Association of Realtors®. I hold several real estate credentials; Accredited Buyer Representative (ABR), Senior Real Estate Specialist (SRES), e-PRO Internet Specialist, and Commercial Specialist. I have an Associates Degree in Electronics Engineering and a Bachelors Degree in Business Administration.

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-Keith

RE/MAX Olympic Realty
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